Key Employee Negotiations
A CEO, CFO, COO and other key players in an organization are essential to its success and their employment agreements are foundation of the role they serve within it. Both the business and the employee are in a position to negotiate for an outcome that will ideally serve everyone for years to come. There are many factors to consider for this to occur. For example, if a company wishes to bind an employee after she or he leaves in anyway, such as restricting her / him from competing or soliciting, this must be done at the inception of the employment.
Other considerations include contemplating whether the employee will have a minimum term or whether the employment will be at-will; the extent of the benefits or options offered; salary and bonus structure; the level of authority the employee will have as well as express restrictions on authority.